LATEST NEWS : Richard Cantillon and Fiat Money

Richard Cantillon is worth remembering. An Irishman, Cantillon was born in 1680 and died in 1734.

He went into banking in Paris and witnessed the rise and fall of John Law’s huge speculative business in all its glory, which ruined France. The business included saving the finances of the French Crown with a mythical investment in Louisiana, combined with the right to issue fiat money which the Regent of France granted to Law’s company.

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